Question : RECOVERY OF GUARANTEE FEES



(a) whether as per the extant instructions of the Union Government, Ministries/Departments of the Government are required to levy guarantee fee at the prescribed rate for the guarantee issued;

(b) if so, the value of guarantees issued by Ministries/Departments of the Government during the last three years;

(c) the amount of guarantee fee collected on these guarantees;

(d) whether the Government has failed to collect guarantee fee in many cases;

(e) if so, the details thereof; and

(f) the steps Government has taken to recover the guarantee fee?

Answer given by the minister


THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATH) :

(a) Yes, Sir.

(b) During the last 3 years, guaranteed amount outstanding as on 31st March each year was as under:


Year (Rs.crors) 1998 73,877.00 1999 74,606.12 2000 83,954.28

(c) The amount of guarantee fee collected during the last 3 years was as follows:

Year (Rs.crore) 1997-1998 220.70 1998-1999 320.35 1999-2000 280.07

(d) to (f) Data regarding actual collection of guarantee fee in individual cases is not centrally maintained. Guarantees are, however, not extended unless specified fees for the prior period has been paid.